Contact Information

Mobile Home Park Details

  • Price: $690,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0%
  • Property ID: 1430578
  • Posted On: Apr 29, 2021
  • Updated On: Apr 29, 2021

Property Description

Great cash flowing property. 16 homes on this site, 14 park owned and 2 tenant owned. 2 additional vacant spots that are ready for new homes. Tenants pay all utilities and park always stays 100% full. Very low key park, in the heart of town.

Location

Downtown Livingston TN with homes all around it.

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Park Information

Community Type: All Age
Number of MH Lots: 18
Total Occupancy: 100.0 %
Average MH Lot Rent: $400
Size: 12 acre(s)

Financial Information (Actual)

Gross Income $78,000
Operating Expense $11,000
Net Operating Income $67,000
Expense Ratio 14.1 %
Debt Info

Lot Information

Singlewide Lots: 18
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $680

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